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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-9C-3
QUARTERLY REPORT PURSUANT TO RULE 58
FOR THE QUARTER ENDED
September 30, 2000
NATIONAL GRID USA
25 Research Drive, Westborough, MA 01582
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NATIONAL GRID USA
For The Quarter Ended September 30, 2000
ITEM 1 - ORGANIZATION CHART
Percentage
Energy or State of Voting
Name of Reporting Gas-Related Date of of Securities
Company Company Organization Organization
Held Nature of Business
----------------- ----------- ------------ ------------
----------- --------------------------------------
<S> <C> <C> <C> <C> <C>
New England Energy, Energy 11/20/72 MA 100 New England
Energy, Inc. (NEEI)
Inc./National Grid USA participated (principally
through a
partnership with a nonaffiliated oil
company) in domestic oil and gas
exploration, development, and production
and the sale to New England Power
Company of fuel purchased in the
open market. Effective 1/1/98, NEEI
sold its oil and gas properties and
ceased its participation in domestic oil
and gas exploration, development, and
production.
Granite State Energy, Energy 04/22/96 NH 100 Granite State
Energy, Inc.'s purpose is
Inc./National Grid USA to provide a range of energy and related
services including, but not limited to, sales
of energy, audits, power quality,
fuel supply, repair, maintenance,
construction, design, engineering, and
consulting.
Wayfinder Group, Inc./ Energy 01/13/92 MA 100 Wayfinder
Group, Inc. is primarily a
National Grid USA consulting business which provides
products and services related to the
operational requirements of competitive
electricity markets.
National GridEnergy05/01/00MA100National Grid Transmission Services
Transmission ServicesCorporation's purpose is to provide
Corporation/National technical, operational, management,
Grid USAdevelopment, engineering, and other similar services relating to
electric power transmission.
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NATIONAL GRID USA
For The Quarter Ended September 30, 2000
ITEM 1 - ORGANIZATION CHART (continued)
Percentage
Energy or State of Voting
Name of Reporting Gas-Related Date of of Securities
Company Company Organization Organization
Held Nature of Business
----------------- ----------- ------------ ------------
----------- --------------------------------------
<S> <C> <C> <C> <C> <C>
AllEnergy Marketing Energy 04/23/98 DE 100
AllEnergy Marketing Co., L.L.C.'s
Co., L.L.C./NEES (AllEnergy) principal
purpose is to
Energy, Inc./National sell energy and
provide a range of
Grid USA energy-related services including,
but not limited to, marketing,
brokering and sales of energy,
audits, fuel supply, repair,
maintenance, construction, operation,
design, engineering, and consulting.
This company is a Delaware limited
liability company. AllEnergy and its
subsidiaries are in the process of
finalizing the sale of its
businesses.
NEWHC, Inc./ Energy 05/25/90 MA 100 On September
19, 1999, NEWHC, Inc.
Wayfinder Group, sold substantially all of
its assets
Inc./National to Duperey Investments, Inc.,
an
Grid USA unaffiliated company.
AllEnergy Fuels Energy 03/27/98 DE 100 AllEnergy
Fuels Corp.'s purpose is to
Corp./ National acquire interests in and
assets of
Grid USA energy-related companies and to
engage in energy-related activities.
Separation Energy 03/28/89 DE 5.0 This company
produces concrete using
Technologies, Inc./ fly ash waste from
coal-fired
Wayfinder Group, Inc./ generating plants.
National Grid USA
SeparationEnergy03/28/89DE9.0This company produces concrete using
Technologies, Inc./fly ash waste from coal-fired
EUA Energy Investmentgenerating plants. The interest in
Corp./National Grid USAthis company was acquired by National
Grid USA on April 19, 2000.
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NATIONAL GRID USA
For The Quarter Ended September 30, 2000
ITEM 1 - ORGANIZATION CHART (continued)
Percentage
Energy or State of Voting
Name of Reporting Gas-Related Date of of Securities
Company Company Organization Organization
Held Nature of Business
----------------- ----------- ------------ ------------
----------- --------------------------------------
<S> <C> <C> <C> <C> <C>
Texas Liquids, Energy 12/19/96 MA 100 Texas Liquids, LLC
engages in purchasing,
LLC/AllEnergy marketing, selling, and distributing
Marketing Company, energy commodities and related
L.L.C./NEES products and services. On August 16,
Energy, Inc./ 2000, Texas Liquids LLC was sold to an
National Grid USAunaffiliated third party.
NeXus Energy Energy 05/19/97 MA 9.9 NeXus Energy
Software, Inc.'s purpose is Software, Inc./ to
develop, implement, produce, market,
Wayfinder Group, and sell software for application in
the
Inc./National energy conservation industry.
Grid USA
Weatherwise USA, Inc./ Energy 09/30/99 DE 4.2 Weatherwise
USA, Inc.'s purpose is to be
AllEnergy Marketing an energy-related company to
provide
Company, L.L.C./ energy management and technical and
NEES Energy, Inc./ utility hedging services to
reduce National Grid USA weather-related
financial uncertainty
of utilities, energy users, and others.
This company was originally formed as an
LLC on 10/10/96 and changed to a
corporation on 09/30/99.
AEDR Fuels, L.L.C./ Energy 01/12/98 ME 100 AEDR Fuels,
L.L.C.'s purpose is to
AllEnergy Marketing acquire interests in and assets of
Company, L.L.C./ energy-related companies and to
engage
NEES Energy, Inc./ in energy-related activities in
National Grid USA accordance with Rule 58.
Texas-Ohio Gas, Inc./ Energy 08/12/87 TX 100 Texas-Ohio
Gas, Inc.'s purpose is to
AllEnergy Marketing sell energy and provide a range
of
Company, L.L.C./NEES energy-related services
including, but
Energy, Inc./National not limited to, marketing, brokering
and
Grid USA sales of energy, and fuel supply.
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NATIONAL GRID USA
For The Quarter Ended September 30, 2000
ITEM 1 - ORGANIZATION CHART (continued)
The following companies were acquired by National Grid USA on April 19, 2000,
in connection with the merger of Eastern Utilities Associates into National
Grid USA.
Percentage
Energy or State of Voting
Name of Reporting Gas-Related Date of of Securities
Company Company Organization Organization
Held Nature of Business
----------------- ----------- ------------ ------------
----------- --------------------------------------
<S> <C> <C> <C> <C> <C>
EUA Energy Investment Energy 12/15/87 MA 100 EUA Energy
Investment Corp. (EUA Energy)
Corp./National Grid USA engages in the business of
identifying,
evaluating, investing in or participating
in the ownership, operation and maintenance
of cogeneration and small power production
facilities and other energy-related or
energy conservation ventures. EUA Energy
does not plan to invest in any further
business development opportunities and is
currently divesting its remaining
investment projects.
EUA Bioten, Inc./EUA Energy06/26/95MA100 EUA Bioten,
Inc. engages in the development
Energy Investment Corp./ and commercialization of
biomass-fired
National Grid USA combustion turbine power
generation
facilities and products and/or services
offered in connection with such facilities,
including the manufacture, fabrication,
marketing, sale and delivery of such
facilities. This company is presently
inactive.
Bioten Operations, Inc./Energy06/26/95TN100Bioten Operations, Inc. holds
interests in
EUA Bioten, Inc./EUAa biomass commercial demonstration plant
Energy Investment Corp./(which is a Qualifying Facility). This
National Grid USAcompany is presently inactive.
EUA Cogenex Corp./Energy09/26/83MA100EUA Cogenex Corp. provides energy
National Grid USAefficiency products and energy management
services throughout North America. National Grid USA
is endeavoring to sell EUA Cogenex Corporation and subsidiaries.
Northeast Energy Energy 02/03/94 MA 100 Northeast Energy
Management, Inc. engages Management, Inc./ in the
business of energy conservation
EUA Cogenex Corp./ programs.
National Grid USA
APS Cogenex, L.L.C./ Energy 09/25/95 DE 50 APS Cogenex,
L.L.C. provides energy
EUA Cogenex Corp./ efficiency products and services
National Grid USA principally in the state of
Maryland.
Energy Holdings Energy 10/31/94 DE 100 Energy Holdings
Corporation formed to
Corporation/EUA Cogenex participate in cogeneration
partnerships.
Corporation/National This company is presently
inactive.
Grid USA
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NATIONAL GRID USA
For The Quarter Ended September 30, 2000
ITEM 1 - ORGANIZATION CHART (continued)
Percentage
Energy or State of Voting
Name of Reporting Gas-Related Date of of Securities
Company Company Organization Organization
Held Nature of Business
----------------- ----------- ------------ ------------
----------- --------------------------------------
<S> <C> <C> <C> <C> <C>
EUA Cogenex West Corp./ Energy 05/01/95 MA 100 EUA Cogenex
West Corp. provides energy
EUA Cogenex Corp./ efficiency products and services in
the
National Grid USA Southwest region of the United
States.
EUA Energy Capital andEnergy04/10/90MA 100EUA Energy Capital and Services I is
an
Services I/ EUA Cogenexenergy services company providing
Corp./National Grid USA services in areas such as
demand-side
management.
EUA Energy Capital andEnergy04/10/90MA 100EUA Energy Capital and Services II
is an
Services II/ EUA Cogenexenergy services company providing
Corp./National Grid USA services in areas such as
demand-side
management.
EUA West Coast, L.P./ Energy11/01/88CA 50 EUA West
Coast, L.P. provided energy
EUA Cogenex Corp./ services and products in
California.
National Grid USAThis company is presently inactive.
EUA West Coast, L.P./ Energy 11/01/88 CA 50 EUA West
Coast, L.P. provided energy
Energy Holdings services and products in California.
Corporation/ EUA Cogenex/ This company is presently
inactive.
National Grid USA
EUA FRC II Energy Energy 09/19/89 MA 100 EUA FRC II
Energy Associates engaged in
Associates/EUA Energycogeneration projects throughout the
Investment Corporation/United States. This company is presently
National Grid USAinactive.
Micro Utility Partners Energy01/02/89MA 50Micro Utility Partners of America
engaged
of America/EUA Cogenexin cogeneration projects in California.
Corp./National Grid USA This company is presently
inactive.
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Micro Utility Partners Energy 01/02/89 MA 50 Micro Utility
Partners of America engaged
of America/Energy in cogeneration projects in
California.
Holdings Corporation/ This company is presently
inactive.
EUA Cogenex/ National
Grid USA
EUA CitizensEnergy03/01/95MA100EUA Citizens Conservation Services, Inc.
Conservation Services, (EUA Citizens) provides energy
efficiency
Inc./EUA Cogenex Corp./products and energy management services
National Grid USAprimarily to the public and private
housing sectors throughout North America.
EUA Citizens was sold on June 2, 2000.
Healthcare Energy Energy 5/30/90 NJ 50 Healthcare Energy
Partners is engaged in
Partners/EUA Cogenex energy services at a health care
center.
Corporation/National
Grid USA
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NATIONAL GRID USA
For The Quarter Ended September 30, 2000
Item 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS
Type of Principal Issue Cost Person to
Collateral Consideration
Security Amount of or of Whom Security Given
with Received for
Company Issuing Security Issued Security Renewal
Capital Was Issued Security Each Security
------------------------ -------- --------- -------
------- -------------- ----------- -------------
<S> <C> <C> <C> <C> <C> <C> <C>
N/A
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NATIONAL GRID USA
For The Quarter Ended September 30, 2000 (cont'd.)
Item 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS
(expressed in millions, rounded to hundred thousands of dollars)
Company Company Amount of
Contributing Receiving Capital
Capital Capital Contribution
------------ --------- ------------
<S> <C> <C> <C>
NEES Energy, Inc. AllEnergy Marketing Company, L.L.C. $(8.5)
National Grid USAEUA Cogenex Corporation $(0.8)
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NATIONAL GRID USA
For The Quarter Ended September 30, 2000
Item 3 - ASSOCIATE TRANSACTIONS (expressed in millions, rounded to hundred
thousands of dollars)
Part I - Transactions performed by reporting companies on behalf of associate
companies
Direct
Indirect Total
Reporting Company Associate Company Types of
Services Costs Costs Cost of Amount
Rendering Services Receiving Services Rendered
Charged Charged Capital Billed
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----------------- ------- ------- ------- ------
<S> <C> <C>
<C> <C> <C> <C>
N/A
Part II - Transactions performed by associate companies on behalf of reporting
companies
Direct
Indirect Total
Associate Company Reporting Company Types of
Services Costs Costs Cost of Amount
Rendering Services Receiving Services Rendered
Charged Charged Capital Billed
----------------- ------------------
----------------- ------- ------- ------- ------
Massachusetts Electric Wayfinder Group, Inc. Miscellaneous
(2) (1) (1) (1)
Company
New England Power CompanyWayfinder Group, Inc.Engineering(1)(1) (1)
The NarragansettWayfinder Group, Inc.Customer Service(1)(1) (1)
Electric Co.
National Grid USA National Grid Miscellaneous (2)(1)(1) (1)(1)
Service Co., Inc. Transmission
Services Corporation
National Grid USA Wayfinder Group, Inc. Miscellaneous
(5) (1) (1) (1) (1)
Service Co., Inc. Information
Services
(1) (1) (1) (1)
Corp. Acctg.
(1) (1) (1) (1)
New Bus.
Develop.(1)(1) (1) $0.1
National Grid USA New England Energy, Inc. Miscellaneous
(3) (1) (1) (1) (1)
Service Co., Inc.
National Grid USA Granite State Energy, Miscellaneous (2)
(1) (1) (1) (1)
Service Co., Inc. Inc.
National Grid USA AllEnergy Marketing Corp. Legal
$0.1(1) (1) $0.1
Service Co., Inc. Company, L.L.C. Miscellaneous
(4)(1)(1) (1) (1)
<FN>
(1) Amounts are below $100,000.
(2) Represents 2 types of services totaling less than $100,000 in
aggregate.
(3) Represents 3 types of services totaling less than $100,000 in
aggregate.
(4) Represents 6 types of services totaling less than $100,000 in
aggregate.
(5) Represents 8 types of services totaling less than $100,000 in
aggregate.
</FN>
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NATIONAL GRID USA
At September 30, 2000
ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT
(expressed in millions, rounded to hundred thousands of
dollars)
<S> <C>
<C>
Investment in energy-related companies:
Total consolidated capitalization as of
September 30, 2000 $5,307.0 (1) line 1
Total capitalization multiplied by 15 percent 796.1 line 2
(line 1 multiplied by 0.15)
Greater of $50 million or line 2 796.1 line 3
Total current aggregate investment:
(categorized by major line of energy-
related business)
Power marketing and other $194.8
Energy software 2.2
Energy management and efficiency 2.6
Ownership, operation, and maintenance
of Qualifying Facilities 28.9
-------
Total current aggregate investment $228.5 line 4
------
Difference between the greater of $50 million
or 15 percent of capitalization and the total
aggregate investment of the registered holding
company system
(line 3 less line 4) $567.6 line 5
<FN>
(1)Consolidated capitalization includes total common equity, cumulative
preferred stock, long-term debt (including long-term debt due within
one year), and short-term debt.
</FN>
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<PAGE>NATIONAL GRID USA
For The Quarter Ended September 30, 2000
ITEM 5 - OTHER INVESTMENTS
(expressed in millions, rounded to hundred thousands of dollars)
Reason for
Major Line Other Other Difference
or Energy-Related Investment in Investment in Other
Business Last U-9C-3 Report in U-9C-3 Report Investment
----------------- ------------------ ---------------- ----------
Power Marketing$24.8 $18.5 Investments
and Other made prior to
the effective
date of Rule 58
Energy Management$ 0.0$46.7 Investments
and Efficiency made prior to the effective date of Rule 58
Ownership, operation,$ 0.0$30.5Investments
and maintenance ofmade prior to
Qualifying Facilities the effective date of Rule 58
ITEM 6 - FINANCIAL STATEMENTS AND EXHIBITS
(A) Exhibits
10(g) Certificate stating that a copy of the report for the previous
quarter has been filed with the appropriate state commissions.
(B) Financial Statements
1-ANational Grid USA Consolidated Income Statements for the quarter and
six months ended September 30, 2000
1-BNational Grid USA Consolidated Balance Sheet as of September 30, 2000
2-ANew England Energy, Inc. Balance Sheet as of September 30, 2000
3-AWayfinder Group, Inc. Income Statements for the quarter and six months
ended September 30, 2000
3-BWayfinder Group, Inc. Balance Sheet as of September 30, 2000
4-ATexas Liquids, LLC Income Statements for the month and four months
ended July 31, 2000
4-BTexas Liquids, LLC Balance Sheet as of July 31, 2000
5-ATexas-Ohio Gas, Inc. Income Statements for the month and four months
ended July 31, 2000
5-BTexas-Ohio Gas, Inc. Balance Sheet as of July 31, 2000
6-A AllEnergy Marketing Company, L.L.C. Consolidated Income
Statements for the month and four months ended July 31, 2000
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6-B AllEnergy Marketing Company, L.L.C. Consolidated Balance
Sheet as of July 31, 2000
7-A EUA Energy Investment Corporation Income Statements for the
quarter and six months ended September 30, 2000
7-B EUA Energy Investment Corporation Balance Sheet as of
September 30, 2000
8-A EUA Cogenex Corporation Consolidated Income Statements
for the quarter and six months ended September 30, 2000
8-B EUA Cogenex Corporation Consolidated Balance Sheet as of
September 30, 2000
9-A Northeast Energy Management, Inc. Income Statements
for the quarter and six months ended September 30, 2000
9-B Northeast Energy Management, Inc. Balance Sheet
as of September 30, 2000
10-AAPS Cogenex, L.L.C. Income Statements for the quarter and six months
ended September 30, 2000
10-BAPS Cogenex, L.L.C. Balance Sheet as of September 30, 2000
11-A EUA Cogenex West Corporation Income Statements for the
quarter and six months ended September 30, 2000
11-B EUA Cogenex West Corporation Balance Sheet as of
September 30, 2000
12-A EUA Energy Capital & Services I Income Statements for
the quarter and six months ended September 30, 2000
12-B EUA Energy Capital & Services I Balance Sheet as of
September 30, 2000
13-A EUA Energy Capital & Services II Balance Sheet as of
September 30, 2000
(C) Notes
(1)Financial statements for AllEnergy Marketing Company, L.L.C., (AllEnergy)
and its subsidiaries, Texas Liquids, LLC, and Texas- Ohio Gas, Inc., are
provided through July 31, 2000, as AllEnergy is in the process of finalizing
the sale of its businesses.
(2)Financial statements for Weatherwise USA, Inc., Separation
Technologies, Inc., and NEXUS Energy Software, Inc. were not available as of
the filing date.
(3)National Grid Transmission Services Corporation, Granite State Energy,
Inc., and AEDR Fuels, L.L.C., Income Statement actuals and Balance Sheet
actuals are less than $100,000 and are therefore not reported. New England
Energy, Inc. and EUA Energy Capital and Services II Income Statement actuals
are less than $100,000 and are therefore not reported.
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(4) EUA Bioten, Inc., Bioten Operations, Inc., EUA West Coast, L.P.,
EUA FRC II Energy Associates, Micro Utility Partners of
America, and Energy Holdings Corporation are inactive companies
and therefore no financial statements are provided.
(5)EUA Citizens Conservation Services, Inc. was sold on June 2, 2000, and
therefore no Balance Sheet information is provided. Income Statement actuals
for the six month period are less than $100,000 and are therefore not
reported.
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SIGNATURE
Pursuant to the requirements of the Public Utility Holding Company Act of
1935, the undersigned company has duly caused this report to be signed on its
behalf by the undersigned officer thereunto duly authorized.
NATIONAL GRID USA
s/ John G. Cochrane
_______________________________
John G. Cochrane, Treasurer
Date: November 29, 2000
